Operation Management Project

Projects are unique, one-time operations designed to accomplish a set of objectives in a limited time frame
(Stevenson, 2021).
Think about a project you did recently or a project you will soon work on and detail the following:
1. Offer a brief explanation of the type of project.
2. Create a Work Breakdown Structure (WBS) of the project and explain how it will help you with your project.
3. Present both probabilistic (t0, tp, and tm) and deterministic time estimates and discuss how you arrived at these time
estimates.
4. For each activity, determine hypothetical costs in a table. Include budgeted costs, percent complete, actual/projected
cost, and over/under budget (and total). Discuss the rationale for how you derived these costs.
5. Finally, tell us how the project management tools helped you gain a better vision of the project.

Support your submission with course material concepts, principles, and theories from the textbook
and at least three scholarly, peer-reviewed journal articles

The paper structure to be as following:

•Introduction
- Purpose and value of paper
- Upcoming sections
•Section 1- Project Type and Description
–Offer a brief explanation of the type of project.
•Section 2- Work Breakdown Structure & Value
–Work Breakdown Structure
–Time Estimates
•Probabilistic Estimate
•Deterministic Estimate
–Explain how it will help you with your project.
•Section 3- Costs of Activities
–For each activity, determine hypothetical costs in a table. Include budgeted costs, percent complete,
actual/projected cost, and over/under budget (and total). Discuss the rationale for how you derived these
costs.
•Section 4- Value of Project Management Tools
–Finally, tell us how the project management tools helped you gain a better vision of the project.
•Section 5- References
–Stevenson
–3 additional scholarly references